| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Up |
In my view a weak session in the US last night which has placed a myriad of stocks into A-B-C setups. We’re starting to see the same here so coupled with the broader market downtrend hopefully we’ll start to see more bearish trades. Today was a directionless session that seems to be awaiting some kind of trigger to gain some traction. Ideally we still look for a little more bounce before the next leg lower but the US has me concerned. Again I stress there are times to be sidelined – now being one of those in my view. If you need to trade then remember that the broader market trend remains firmly down.
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